Monday, December 18, 2017

Mumbai Inter-Bank Offer Rate (MIBOR) and Mumbai Inter-Bank Bid Rate (MIBID)

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Mumbai Inter-Bank Offer Rate (MIBOR) and Mumbai Inter-Bank Bid Rate (MIBID):

On June 15, 1998 National Stock Exchange launched two new Reference Rates for the loans of Inter-Bank Call Money Market. These rates are Mumbai Inter-Bank Offer Rate (MIBOR) and Mumbai Inter-Bank Bid Rate (MIBID).

MIBOR will be the indicator of Landing Rate for loans which MIBID will be the landing rate of receipts.

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[Post Image Courtesy of iosphere at FreeDigitalPhotos.net]
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